General News
Most Major US Airports Are Among 40 Targeted for Flight Cuts
Airports in New York, Los Angeles and Chicago along with hubs across the U.S. are among the 40 that will see flights cut starting Nov. 7 due to the government shutdown.
DOT Sets Sights on CDL Mills After Safety Audit Findings
“We are going to take a hard look at those individuals and there will be serious consequences for them,” Transportation Secretary Sean Duffy said of lax driver training schools.
Tesla Co-Founder's Battery Recycling Plant Starts Production
JB Straubel's Redwood Materials has begun operations at a $3.5 billion factory in South Carolina that will supply badly needed critical materials.
Maersk Investors Brace for ‘Bleak’ Quarters Ahead
A.P. Moller-Maersk shares fell with investor disappointment over a smaller-than-expected improvement in the container shipping giant’s full-year profit guidance.
Layoffs Rise to Highest Level Since 2003
"This comes as AI adoption, softening consumer and corporate spending, and rising costs drive belt-tightening and hiring freezes,” Challenger, Gray & Christmas said in the report.
Lyft Delivers Strong Bookings Outlook, Easing Concerns
Lyft projected an acceleration in bookings this quarter, easing concerns about the ride-hailing company’s efforts to expand globally and maintain customer loyalty.
Lucid Reports Disappointing Q3 Results
Lucid Group posted a worse-than-expected third-quarter loss as it grapples with sluggish production of its Gravity SUV and a challenging trade environment.
US Slashing Capacity by 10% at Multiple Airports
The U.S. will cut flight capacity by 10% at 40 high-volume markets across the country, as travelers continue to face flight disruptions due to an uptick in air traffic controller absences.
Joby's Blade to Provide 12-Minute Trips From Suburbs to NYC
Traffic’s back, train delays are all too common and city politics have been boiling over. A new commuter helicopter route is aimed at offering New Yorkers a quick escape hatch.
Shipping Delays Expected After UPS Cargo Jet Crash
The UPS cargo plane crash on Nov. 4 at the company’s global aviation hub in Kentucky, which killed at least nine, will temporarily disrupt the supply chain and result in some shipping delays.
GXO Reports Topline Growth as New CEO Kelleher Settles In
GXO Logistics Inc. reported revenue and earnings growth during the third quarter, its first under the leadership of new CEO Patrick Kelleher, the company reported Nov. 5.
Key Supreme Court Justices Question Trump’s Global Tariffs
A decision against Trump could force more than $100 billion in refunds and remove a major burden on the U.S. importers that are paying the tariffs.
US Companies Added 42,000 Jobs in October, ADP Data Shows
While helping to temper concerns of a faster deterioration in the job market, the modest payrolls increase last month is consistent with a general softening in labor demand.
California Disputes FMCSA on Non-Domiciled CDL Compliance
DOT Secretary Sean Duffy has accused California of having the most “egregious” licensing situation of any state, with 25% of its non-domiciled CDLs in violation of federal rules.
Search Continues for Victims of UPS Cargo Jet Crash
First responders are searching for more victims Nov. 5 after a UPS cargo plane crashed and exploded in a fireball at the company’s global aviation hub in Kentucky, killing at least nine people.
China to Remove Retaliatory Tariffs on Some US Farm Products
The country’s Finance Ministry confirmed it would end tariffs imposed March 4 on soybeans and other U.S. agricultural products including corn, wheat, sorghum and chicken, effective Nov. 10.
Supreme Court Considers Trump Tariffs
The administration is trying to defend the tariffs after lower courts ruled the emergency law Trump invoked doesn’t give him near-limitless power to set and change duties on imports.
At Least 7 Dead After UPS Cargo Jet Crashes in Kentucky
A UPS freighter jet crashed shortly after takeoff Nov. 4 from Louisville, Ky., in a fiery accident that authorities said killed at least seven people and injured nearly a dozen others.
Building Materials Carrier BlueLinx Acquires Disdero Lumber
BlueLinx Holdings has expanded its western U.S. footprint with the $96 million acquisition of Disdero Lumber, an Oregon distributor of premium specialty wood products.
Lawmakers Urge DOT Crackdown on Fraudulent CDL Mills
Members of Congress are urging DOT to investigate so-called CDL mills and enforce English proficiency rules as part of broader efforts to improve driver training and highway safety.